Dangote Refinery’s $1.6 Billion IPO Draws Attention from Ethiopian Investors

During the reporting period, Ethiopia’s capital-market institutions and United Capital Financial Services Ethiopia supported access to the Dangote Petroleum Refinery IPO for eligible Ethiopian investors. The offer price was ETB 74.90 per share, and the wider share sale was reported at approximately US$1.6 billion; participation was subject to eligibility rules and the local offer window closed on 23 October. Investment advisers, corporate-finance firms and institutional investors can explore opportunities in transaction analysis, portfolio planning and cross-border capital markets. HPC can support financial modelling and investment analytics; the US$1.6 billion figure is the reported IPO size, not an Ethiopian acquisition or HPC contract.